NSESale or disposal30 Sept 2026 · 30 Sept 2026, 07:12 pm

Sale or disposal

Fabtech Technologies Limited · FABTECH

✦ AI SummaryDivestiture

Fabtech Technologies Limited has informed the Exchange about the execution of a Settlement Agreement for the sale of its shareholding in TSA Process Equipments Private Limited to Thermax Limited, with the revised consideration of Rs. 13,98,60,000.

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Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10

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Full Announcement

Fabtech Technologies Limited has informed the Exchange about Sale or disposal

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FABTECH_30092026191048_Intimation_under_Reg_30_Signed.pdf

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Date: September 30, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G, Listing Department Bandra Kurla Complex, Floor 25, P J Towers, Bandra (East), Mumbai – 400051 Dalal Street, Mumbai – 400001 Maharashtra, India. Maharashtra, India. Symbol: FABTECH Scrip Code: 544558 Dear Sir/Madam, Subject: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’) Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”), we wish to inform you that the Company has, on September 29, 2026, executed a Settlement Agreement, in connection with the sale of the Company’s shareholding in TSA Process Equipments Private Limited (“TSA”). The Company had, pursuant to the approval of its Board of Directors dated February 05, 2024, entered into a Share Purchase Agreement dated February 06, 2024 (“SPA”) with Thermax Limited and other parties thereto for the sale of the Company’s shareholding in TSA to Thermax Limited, proposed to be completed in two tranches in accordance with the terms and conditions stipulated under the SPA. The first tranche of the transaction was completed in April 2024. Pursuant thereto, Thermax Limited acquired 51% of the share capital of TSA. The second and final tranche relates, inter alia, to the sale of 2,23,440 equity shares held by the Company in TSA to Thermax Limited.Subsequent to the execution of the SPA, the parties have mutually agreed to revise certain terms relating to the consideration payable in respect of the second tranche. Accordingly, the Settlement Agreement has been executed to record and give effect to the revised terms and conditions, including the revised consideration, and to facilitate completion of the second and final tranche of the transaction. The execution of the Settlement Agreement does not alter the underlying objective of the transaction, i.e., the sale of the Company's remaining shareholding in TSA to Thermax Limited, and is intended to give effect to the mutually agreed revised terms for completion of the second and final tranche. The requisite disclosure as required under Regulation 30 of the SEBI Listing Regulations is enclosed herewith as ‘Annexure A’. The above details will also be available on the website of the Company at www.fabtechnologies.com We request you to kindly take the same on record. Thank you. Yours faithfully, For Fabtech Technologies Limited Hemant Mohan Anavkar Executive Director DIN: 00150776 Annexure A (Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015) Enter into a Settlement Agreement and amendment to the consideration for sale of shares held in TSA Process Equipments Private Limited Particulars Details the amount and percentage of the turnover or Turnover/ Revenue/Income- NIL revenue or income and net worth contributed Net worth contributed by such unit: NIL by such unit or division or undertaking or subsidiary or associate company of the listed entity during the last financial year; date on which the agreement for sale has been September 29, 2026 entered into; the expected date of completion of October 05, 2026 sale/disposal; consideration received from such Rs. 13,98,60,000/- sale/disposal; brief details of buyers and whether any of the The equity shares of TSA Process Equipments buyers belong to the promoter/ Pvt Ltd are being bought by M/s. Thermax promoter group/group companies. If yes, Limited and they are not related to Promoter/ details thereof; promoter group/group companies whether the transaction would fall within No, not a related party related party transactions? If yes, whether the same is done at “arm’s length whether the sale, lease or disposal of the No undertaking is outside Scheme of Arrangement? If yes, details of the same including compliance with regulation 37Aof LODR Regulations additionally, in case of a slump sale, Not Applicable indicative disclosures provided for amalgamation/merger, shall be disclosed by the listed entity with respect to such slump sale